BAKU, Azerbaijan, July 24. Life insurance collections of Azerbaijan's insurance companies amounted to 421.8 million manat ($248.86 million) from January through June this year.
The data obtained by Trend from the Central Bank of Azerbaijan shows that this figure grew by 64 million manat ($37.8 million), or 17.9 percent, year-on-year.
At the same time, during the reporting period, the volume of life insurance payouts amounted to 300.6 million manat ($177.35 million), which is 67.5 million manat ($39.83 million) or 29 percent more than in the first half of last year.
To note, Azerbaijan’s insurance market experienced notable growth from January through June 2025, with insurance premiums collected by domestic companies totaling 817 million manat ($480.5 million), representing an increase of 91.9 million manat ($54 million), or 12.7 percent, compared to the same period in 2024.
Meanwhile, insurance payouts made by companies in Azerbaijan during the same period amounted to 432.1 million manat ($254.1 million), up by 76.1 million manat ($44.7 million), or 21.4 percent, year-on-year.
